Transportation

Transportation
Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
February 02, 2024

Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...

Transportation
Volvo’s EV Funding Cut Highlights Ongoing Challenges in Driving Consumer Demand
February 01, 2024

While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. Get...

Transportation
Connected eBikes Popular as Ride Now, Pay Later Models Surge
January 30, 2024

Consumers’ device portfolio has changed significantly over the years, largely due to technological breakthroughs and evolving consumer preferences in a world dominated by digital transformation. These changes have affected everything from smartphones and smartwatches to smart TVs and cars with connected capabilities. Get the Full...

Transportation
Logistics Startups Slash Jobs as Freight Volumes Drop
January 29, 2024

Last year saw a surge in layoffs in the logistics sector as freight volumes declined. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Transportation
Ford and Lincoln Unveil Updated Connected Car Services
January 22, 2024

Ford and its luxury brand Lincoln are enabling customers to access apps and services in their vehicles through a new integrated native experience.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Transportation
RXO Launches AI-Powered Check-In System for Trucks Arriving at Warehouses
January 16, 2024

RXO, a provider of asset-light transportation solutions, has launched an artificial intelligence (AI)-powered check-in system for trucks arriving at warehouses and distribution centers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Transportation
Hertz Reducing EV Fleet Due to High Cost, Low Demand
January 11, 2024

Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing them with internal combustion engine (ICE) vehicles. Get the Full Story Complete the form to unlock this article and enjoy...

Transportation
Mobileye’s Excess Inventory Hints at Longer Road Ahead for Autonomous Vehicles
January 05, 2024

For autonomous vehicles (AVs), the road ahead stretches out a bit farther. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Transportation
Continental and Aurora Finalize Autonomous Trucking System Design
January 05, 2024

Mobility technology firm Continental and self-driving technology company Aurora Innovation have finalized the design of a scalable autonomous trucking system and plan to start production in 2027. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...